Senior executive: Dick Brown
Using liquefied natural gas (LNG) or compressed natural gas (CNG) rather than gasoline or diesel to fuel vehicles and other machinery has a number of advantages. LNG is up to 40 per cent cheaper than diesel and creates 25 per cent fewer greenhouse gas emissions. It’s an attractive option, and not only for the long-distance trucking market.
Ferus Natural Gas is in the business of producing, transporting, storing and dispensing LNG and CNG. The company bought Encana’s 50 per cent stake in the Elmworth LNG facility near Grande Prairie and plans to expand it. It also partnered with ENN Canada to build and operate two LNG liquefaction plants, one in Vancouver and the other in Edmonton. And the company has a joint-venture with General Electric in the U.S. to capture flare gas from Statoil’s oil and gas wells in North Dakota, compress it using GE’s “CNG-in-a-box” technology, load it onto Ferus’s specialized tube trailers and transport it to Statoil’s drilling rigs to power them.